Earnings Report: Feroze 1888 Mills Ltd. (PSX: FML) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 27, 2017 at 09:56 AM GMT+05:00

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Feroze 1888 Mills Ltd. announced Financial Results for the period ended June 30, 2017.

The company reported an increase of 1.82% in Net Sales for the period ended June, 30 2017, whereas reported a 35% decline in Profit after Tax.

The company reported an Earnings per share of Rs. 6.61, down by 35% from same period last year.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ of 17% amounting to Rs. 1.70/share. This is in addition to the interim dividend already paid at 10% of Rs. 1.00/-. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net Sales	20,023,227	19,664,897	1.82%
Cost of Sales	15,985,135	14,101,297	13.36%
Gross Profit	4,038,092	5,563,600	-27.42%
Expenses	1,516,361	1,449,890	4.58%
Operating Profit	2,521,731	4,113,710	-38.70%
Finance Cost	72,031	81,659	-11.79%
Profit before Taxation	2,449,700	4,032,051	-39.24%
Taxation	39,977	221,968	-81.99%
Profit after Taxation	2,489,677	3,810,083	-34.66%
EPS - Basic & diluted	6.61	10.11	-34.62%

Company release on Earnings Report can be accessed here.

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